20191 Feb 2019 09:46
https://www.sharecafe.com.au/2019/02/01/key-junior-resource-themes-in-2019/
Battery Materials
It goes without saying that battery materials – including lithium, vanadium, graphite and cobalt – will remain at the forefront of investors’ minds, driven by the green energy thematic. The electric vehicle (EV) revolution in particular tends to hog the headlines, but there’s another battery market that’s often overlooked – solid state batteries. In fact the value of the market is forecast to grow by a factor of 26 times between 2017 and 2025 – to $1.4 billion from $53 million in 2017.
Solid state batteries use solid electrodes and solid electrolytes, instead of the liquid or polymer electrolytes found in conventional lithium-ion or lithium-polymer batteries. The technology is more difficult to engineer, but promises a battery that is of higher capacity, higher density, higher performance and faster to charge.
Independent experts say the complex manufacturing process and high cost of solid-state batteries has restrained market growth, but they are increasingly becoming the chosen successor to existing lithium-ion chemistries. So much so that between 2018 and 2025, annual demand is set to grow at an impressive rate of 49%.
The electric vehicle sector will be the most lucrative market for solid state batteries, growing at an annual rate of 59% per cent, with big car makers like Toyota, Volkswagen, Hyundai and BMW all developing solid-state batteries for electric vehicles.